Remote Sensing Services Market

Author: Reports and Insights

The rising demand of remote sensing services across various industries and other major driving factors is expected to favour the rise in the global remote sensing services market

 

Reports and Insights has published a new report titled, “Remote Sensing Services Market: Opportunity Analysis and Future Assessment 2020-2028

Global Remote Sensing Services Market, By Resolutions (Radiometric, Spatial, Spectral, Temporal), By Platforms (Unmanned Aerial Vehicles (UAVs), Satellites, Manned Aircraft, Ground), By Systems (Satellite Communications (SATCOM), Electro-Optical/Infra-Red (EO/IR), Radar), By Type (GAerial Photography & Remote Sensing, Data Acquisition & Analytics), By Remote Sensing Technologies (Passive, Active), By Application (Precision Farming, Defense and Intelligence, Pipeline Monitoring, Mineral Exploration, Damage Assessment, 3-D Terrain Model Construction, Geohazard Mapping, Coastal Analysis, Disaster Management, Meteorology, Earth Observation, Telecommunication, Navigation, Bedrock Mapping, Lithological Mapping, Structural Mapping), By End User (Defense, Commercial, Civil, Freight, Transportation, Military) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.

The global remote sensing services market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.

Remote sensing can be referred to as a type of geospatial technology that samples reflected and emitted electromagnetic (EM) radiation from the Earth’s atmospheric, terrestrial, and aquatic environments so as to identify and oversee the physical properties of an area without carrying out any physical connection. This technique of data procurement generally comprises satellite-based and aircraft-based sensor technologies, which are categorized as either active sensors or passive sensors.

Attributing to the enormous potential, remote sensing technology is employed in a comprehensive range of disciplines in millions of various application cases, comprising many of the earth sciences for instance, geology, meteorology, ecology, hydrology, glaciology, oceanography, geography, and in land geodesy, as well as applications across various industries including, intelligence, military, economic, commercial, planning, and humanitarian domains. Owing to which, the global remote sensing services market is projected to rise significantly in the following years.

In the same way, the increasing investments by governments and authorities in order to improve various commercial and military satellites programs is further estimated to contribute to the rapid growth of the global remote sensing services market in the future years.

Other than that, scaling from overseeing urban dynamics, such as traffic patterns, urban sprawl, and variations in land use, to offering support for the scheduling of emergency response and humanitarian crisis, the application domains of remote sensing are broadening.

Also, governments offering UAV, satellite, manned aircraft, ground, and dimensional services to procure significant information for mapping, mineral exploration, land-use planning, and resource management applications. Therefore, the global remote sensing services market is expected to witness expeditious growth in the coming years.

Reports and Insights Study identifies some of the key participating players in the remote sensing services market globally are The Sanborn Map Company, The Airborne Sensing Corporation, Terra Remote Sensing, Cyberswift, Digitalglobe, Ekofastba, GEO Sense SDN. BHD, Mallon Technology, Remote Sensing Solutions, Satellite Imaging Corporation, Spectir, Antrix, Ball Corporation, Lockheed Martin Corporation, The Boeing Company, and Space Exploration Technologies Corporation, among others.

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